Fri Dec 28, 2012, 12:13 AM
SoCalDem (102,502 posts)
China Starts Longest Bullet-Train Line, Luring Air Travelers
By Jasmine Wang - Dec 25, 2012 5:03 PM PT
China started its 2,298-kilometer (1,428-mile) high-speed train line, the longest in the world, as the nation boosts investment in rail networks, intensifying competition for airlines.
The first train on the Beijing-Guangzhou line left Beijing West Station at 9 a.m. as scheduled, according to state broadcaster China Central Television. The trains will initially run at a speed of 300 kilometers per hour, reducing the travel time to as few as eight hours from the previous 21 hours, according to the rail ministry.
A high-speed train departs a platform in Hebei province south of Beijing on Dec. 22, 2012. The new line, which will eventually connect to Hong Kong, is part of the nation’s plan to build a 16,000-kilometer high-speed rail network by 2015, undeterred by a deadly bullet-train accident last year. Photographer: Ed Jones/AFP/Getty Images
The new line, which will eventually connect to Hong Kong, is part of the nation’s plan to build a 16,000-kilometer high- speed rail network by 2015, undeterred by a deadly bullet-train accident last year. The new service may lure air travelers and prompt China Southern Airlines Co. (1055) and Air China Ltd. (601111) to cut fares, according to Barclays Plc.
“The continued development of the high-speed train network will marginalize short-haul domestic air routes,” Barclays analysts Patrick Xu and Jon Windham wrote in a note to clients last week. It will “exacerbate the competition on long-haul domestic routes and depress margins.”
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China Starts Longest Bullet-Train Line, Luring Air Travelers (Original post)
Response to SoCalDem (Original post)
Fri Dec 28, 2012, 01:08 AM
BlueStreak (8,211 posts)
2. It is just wrong that America should fall so behind China in so many key technologies
While our politicians are debating about which is the best way to stuff more money into the pockets of aristocrats that add absolutely nothing to this country's future.